Dec 4, 2012 4:00am PST
advantage is in this huge game change you've got in energy policy to see that economy really take its proper place again. and if that happens, i think that will also, by the way, have an impact on say the eurozone, which is still very, very fragile. >> all the ifs in there. you have written an article, a special to cnn called be bold to escape the economic crisis. that's the headline there. what is the lesson? i mean i think often the big superpowers don't necessarily look to africa, for example, for good lessons on how to strategize. many of those countries, those emerging economies are doing, are growing, at a rate faster than the united states, and favser than many others. >> yes, they're moving ahead very fast as economies. but i think for us efficiently, if you take europe they've got to take some really big decisions now, and as it were, sort out the short-term issues to do with the single currency crisis, and then make the long-term reforms that we're all going to have to make. i mean, your fiscal cliff -- some of the issues there, around entitlements and welfare and reform, they've g
Dec 3, 2012 4:00am PST
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Nov 30, 2012 4:00am PST
makes us boom for 0 years. we don't have that. energy is great we have a lot of good things and there are things that can help us. it's hard to predict. we can product if that doesn't happen, growth of entitlements just gets worse and worse and something has to give. >> so here you are, you know, perched as professor in beautiful cambridge, massachusetts -- >> it's dark at the moment. >> because of the power outages. nonetheless you're watching this dance, we were just talking to congressman hoyer and he himself said let's get real. there are very real consequences here. we looked at the gdp position yesterday, third quarter was better than anticipated, housing has been up as christine's reported. so those are all great signs thus far but if this thing doesn't work out, it's frightening. >> that's exactly right. i mean it's already hurting the fourth quarter number, and it's going to look worse. businesses don't know what's going to happen. if you were thinking of doing an investment, why would you do it now until you see what's going to happen? there seems like so much posi